CarGurus Inc Receives a Hold from RBC Capital

By Carrie Williams

RBC Capital analyst Mark Mahaney assigned a Hold rating to CarGurus Inc (NASDAQ: CARG) yesterday and set a price target of $33. The company’s shares opened today at $29.55.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 21.6% and a 70.1% success rate. Mahaney covers the Technology sector, focusing on stocks such as Global Payments Inc, IAC/InterActiveCorp, and Angie’s List Inc.

Currently, the analyst consensus on CarGurus Inc is Hold and the average price target is $29, representing a -1.9% downside.

In a report issued on November 6, Goldman Sachs also initiated coverage with a Hold rating on the stock with a $25 price target.

The company has a one-year high of $35 and a one-year low of $25.85. Currently, CarGurus Inc has an average volume of 1.18M.

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Cargurus, Inc. operates an online auto shopping platform for automobiles that uses pricing algorithms to analyze new and used car listings. It allows consumers to share information, such as user reviews, photos, and questions and answers about cars.